SG Americas Securities LLC Decreases Holdings in Synaptics Incorporated (NASDAQ:SYNA)

SG Americas Securities LLC lessened its stake in shares of Synaptics Incorporated (NASDAQ:SYNA) by 70.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,210 shares of the software maker’s stock after selling 5,157 shares during the period. SG Americas Securities LLC’s holdings in Synaptics were worth $252,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SYNA. Norges Bank purchased a new stake in Synaptics during the fourth quarter worth about $34,790,000. BlackRock Inc. increased its holdings in Synaptics by 6.9% during the second quarter. BlackRock Inc. now owns 5,323,437 shares of the software maker’s stock worth $454,515,000 after buying an additional 341,905 shares during the last quarter. FMR LLC increased its holdings in Synaptics by 39.3% during the third quarter. FMR LLC now owns 1,124,544 shares of the software maker’s stock worth $100,579,000 after buying an additional 317,307 shares during the last quarter. Alliancebernstein L.P. boosted its position in Synaptics by 55.0% during the fourth quarter. Alliancebernstein L.P. now owns 864,167 shares of the software maker’s stock worth $82,234,000 after purchasing an additional 306,742 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Synaptics by 112.8% during the second quarter. Wells Fargo & Company MN now owns 28,599 shares of the software maker’s stock worth $3,376,000 after purchasing an additional 251,313 shares during the period. Hedge funds and other institutional investors own 99.43% of the company’s stock.

Wall Street Analyst Weigh In

SYNA has been the subject of a number of research reports. Needham & Company LLC increased their target price on shares of Synaptics from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Craig Hallum lowered shares of Synaptics from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research report on Friday, February 9th. KeyCorp increased their target price on shares of Synaptics from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. TD Cowen increased their target price on shares of Synaptics from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Finally, Rosenblatt Securities increased their target price on shares of Synaptics from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.36.

Insider Buying and Selling at Synaptics

In other Synaptics news, insider Vikram Gupta sold 3,616 shares of Synaptics stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $105.75, for a total transaction of $382,392.00. Following the completion of the sale, the insider now directly owns 31,847 shares in the company, valued at $3,367,820.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

Synaptics Price Performance

SYNA stock opened at $91.53 on Thursday. Synaptics Incorporated has a 12 month low of $67.73 and a 12 month high of $121.37. The firm has a market capitalization of $3.60 billion, a P/E ratio of -45.99 and a beta of 1.56. The company has a current ratio of 4.53, a quick ratio of 4.04 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average of $102.20 and a 200-day moving average of $101.31.

Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.11. Synaptics had a negative net margin of 7.54% and a positive return on equity of 3.01%. The business had revenue of $237.00 million during the quarter, compared to analyst estimates of $235.26 million. During the same period in the previous year, the business posted $1.47 earnings per share. Synaptics’s revenue for the quarter was down 32.9% on a year-over-year basis. As a group, sell-side analysts predict that Synaptics Incorporated will post -0.48 earnings per share for the current fiscal year.

Synaptics Profile

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.